Dec 21 (Reuters) - HERA AND ITALGAS ::SIGN BINDING AGREEMENT FOR THE TRANSFER TO ITALGAS OF 100 PERCENT OF MEDEA.MEDEA HAS CONCESSION FOR GAS DISTRIBUTION AND SALE IN CITY OF SASSARI.MEDEA'S OVERALL ENTERPRISE VALUE HAS BEEN SET AT EUR 24.1 MILLION.SAY TRANSACTION IS EXPECTED TO BE CONCLUDED WITHIN THE FIRST FEW MONTHS OF 2018.AT CLOSING OF TRANSACTION, PRICE WILL BE PAID ENTIRELY IN CASH, NET OF DEBT.
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Dec 19 (Reuters) - Italgas ::SIGNS WITH EUROPEAN INVESTMENT BANK LOAN AGREEMENT FOR EUR 360 MILLION TO STRENGTHEN ITS DISTRIBUTION NETWORK.FINANCING WILL HAVE VARIABLE INTEREST RATE AND MATURITY IN 20 YEARS.
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Nov 8 (Reuters) - Italgas says: :has bought 100 percent of regional gas operator Ichnusa Gas, which is valued at 26.2 million euros.at closing, amount will be paid entirely in cash, net of debt.completion expected in the first few months of 2018..
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Nov 2 (Reuters) - ITALGAS SPA : :ACQUIRES 12 CONCESSIONS IN CAMPANIA AND BASILICATA FROM AMALFITANA GAS‍​.THE AGREEMENT INCLUDES CONCESSIONS, NETWORKS, PLANTS AND STAFF‍​.THE VALUE OF AMALFITANA GAS BRANCH ASSETS (ENTERPRISE VALUE) HAS BEEN SET AT EURO 18.5 MILLION.AT THE CLOSING OF THE TRANSACTION, THE SUM WILL BE PAID ENTIRELY IN CASH ‍​.THE COMPLETION OF THE OPERATION IS EXPECTED BY JANUARY 2018 AND IS SUBJECT TO CERTAIN CONDITIONS PRECEDENT‍​.
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